The Bearish Flag pattern has been formed on AUDUSD at M15. The lower boundary of the pattern is located at 0.7045/0.7063 while the upper boundary lies at 0.7063/0.7081. The projection of the flagpole is 53 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 0.7045 is broken, the price will move further downwards.